SpaceX overtakes Amazon as fifth largest
SpaceX's valuation increased significantly after completing its initial public offering, with its stock soaring by 8.16% to reach $208.21. Its market value surpassed $2.71 trillion, surpassing Amazon, which is valued at approximately $2.67 trillion. This comes after the stock rose by 20% on the first full trading day, and following its acquisition of the "Cursion" AI program for $60 billion, with expectations of generating revenues reaching a trillion dollars by 2030.
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